The mission of Business Reporting Advisory Group is to build efficient and stable regulatory data environments and governance. We stay up-to-date with regulatory standards and collaborate with clients in the process of raising compliance levels and digitization of data services. We engage in discussions on how to apply state of the art technology to proactively address some of the core issues in t
he financial data field, including lowering reporting burden, increasing public trust towards business data and services, or tackling data sharing constraints. We collaborate with financial institutions, regulatory and public sector organizations, fintech companies, as well as reporting entities on both national and cross-national levels. In over 11 years, we have delivered more than 60 projects globally. Our clients include European Commission, Bank of England, Deutsche Bundesbank, Bank of Spain, the Danish Business Authority, Securities Commission of Malaysia, Australian Treasury, as well as European Union organizations such as the European Banking Authority, the European Insurance and Occupational Pensions Authority and The European Securities and Markets Authority among others. We offer consulting and data modelling services, advice, hands-on workshops and training sessions to assist our clients in the adoption and maintenance of technical standards and data management. Our core activity areas include: financial regulations (i.e. Solvency II Basel Accord, MiFIR, MiFID II, SFTR, ESEF, AnaCredit, BCBS239), data model development (i.e. Data Point Model methodology and SMCube), market architectures (Trade Repositories, ARM’s, OAM’s), implementation and quality assurance of technical standards and identifiers (XBRL, ISO20022, SDMX, LEI, UPI, UTI), as well as application of cutting-edge IT technologies to make the processing and analysing data faster, safer and more transparent (i.e. Following our goals to build trusted, open data ecosystems, we have designed three agile platforms which rely on collaboration and shareability. Data Modeller is an environment that allows for real-time collaboration in the process of building and editing data models and taxonomies and exporting them immediately to multiple formats, including XBRL, SQL, JSON, SDMX, ISO20022 and API. The Reporting Tool Kit platform (RTK) allows users to load data models and prepare advanced XBRL reports with automatically integrated, or manually input data, verified by advanced quality assurance and validation function. Our third platform, Litix, provides users with easy access to financial reports of entities from around the world, filed in XBRL format. Thanks to Litix, users can not only view, but also analyse and compare financial data, access customized, aggregated information on demand, and acquire the data in the JSON format for further processing. All our tools are equipped with built on Open API’s which allow for fast and easy data sharing, in line with our mission of creating an open and transparent data environment.
